Diversified Healthcare Trust (DHC): A Technical View


As of Friday close, Diversified Healthcare Trust’s (NASDAQ:DHC) stock was up $0.04, moving up 2.56 percent to $1.60. The average number of shares traded per day over the past five days has been 7,872,640 shares. 2 times new highs have been achieved over the past 5 days, with a $0.1000 gain in that time frame. In the last twenty days, the average volume was 7,384,295, while in the previous 50 days, it was 4,844,170.

Since last month, DHC stock rose 129.23%. Shares of the company fell to $0.7700 on 02/22/23, the lowest level in the past month. A 52-week high of $3.28 was reached on 03/08/23 after having rallying from a 52-week low of $0.61. Since the beginning of this year, DHC’s stock price has risen by 147.37% or $0.9532, and marked a new high 13 times. However, the stock has declined by -51.22% since its 52-week high.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Valuation Metrics

The stock’s beta is 1.62. Besides these, the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 0.14.

The latest dividend of $0.01 per share was paid out, remained unchanged from last year’s $0.01. On Thursday April 2 2020, a $0.14 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.16, and the total debt-to-equity ratio was 1.16. On the profitability front, the trailing twelve-month gross margin is 13.60% percent. In the year ended December 30, operating margins totaled -9.70%. Based on annual data, DHC earned -$93.82 million in gross profit and brought in $1.28 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.20%. Return on equity (ROE) for the past 12 months was -0.60%.

In Diversified Healthcare Trust’s quarter-end financial report for December 30, it reported total debt of $700.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DHC’s revenue rose 0.05% to $322.92 million during the quarter, while net income inched up to $336.89 million. While analysts expected Diversified Healthcare Trust to report -$0.26 quarterly earnings, the actual figure was -$0.27 per share, beating the consensus estimate by -3.80%. During the quarter, the company generated $47.18 million in EBITDA. The value of shareholders’ equity is $239.69 million.

Technical Picture

This quick technical analysis looks at Diversified Healthcare Trust’s (DHC) price momentum. With a historical volatility rate of 103.25%, the RSI 9-day stood at 61.96% on 17 March.

With respect to its five-day moving average, the current Diversified Healthcare Trust price is up by +6.67% percent or $0.1000. At present, DHC shares trade +99.40% above its 20-day simple moving average and +49.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +124.62% above its SMA50 and -29.52% below its SMA200.

Stochastic coefficient K was 61.51% and Stochastic coefficient D was 61.56%, while ATR was 0.1789. Given the Stochastic reading of 63.89% for the 14-day period, the RSI (14) reading has been calculated as 63.96%. As of today, the MACD Oscillator reading stands at -0.0744, while the 14-day reading stands at 0.0226.

Analyst Ratings

Diversified Healthcare Trust downgraded its rating on Diversified Healthcare Trust (NASDAQ: DHC) to an Underweight in a note to investors on December 10, 2020. The analysts firm previously had an Equal weight rating on the stock.Diversified Healthcare Trust (DHC) has been rated Hold by analysts. According to 1 brokerage firm, DHC is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Diversified Healthcare Trust stock as buy, with 1 recommending it as overweight.

With a median target price of $1.00, the current consensus forecast for the stock is $0.90 – $5.00. Based on these forecasts, analysts predict Diversified Healthcare Trust (DHC) will achieve an average price target of $2.30.


Please enter your comment!
Please enter your name here